Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Ex-Morgan Stanley Advisor Says Co-Worker Proposed Honeypot Scheme
By Dinah Wisenberg BrinThe co-worker wanted her "to use her sex and her looks" to attract clients, a lawsuit says.
February 23, 2024
DOL: Retirement Plan Administrator Embezzled $5.5MA firm and its owner transferred assets from 17 plans into their own corporate accounts, the department says.
February 20, 2024
South Carolina Man Sues Lincoln Over 1987 Tobacco Class ErrorRobert Stukes wants the company to return decades of extra premiums he paid after being mislabeled a smoker.
February 15, 2024
Appeals Court Finds Pru Had Some Fiduciary Duty Over Group LTC Plan RatesThe ruling could affect how the federal courts handle a wide range of ERISA fiduciary rule cases.
February 14, 2024
Aflac Sues Vendor Over Ransomware-Related RefundThe insurer says a 2022 Exela hack temporarily disrupted its ability to process claims.
February 14, 2024
Progress Software Fights to Keep MOVEit Hack Cases in BostonThe software firm says even MOVEit cases with other defendants should be centralized.
February 13, 2024
Life and Annuity Issuer Faces Suits Over 'SIM Swap' CyberattackHackers persuaded a phone company to let them take over a CNO executive's phone.
February 12, 2024
Bharara Once Jailed Wall Street Pros. Now He Helps Them Avoid PrisonWhen firms see enforcement actions, they should move to ensure they're "not going to be in the same position," he says.